Reagan v. County Court
Supreme Court of Missouri
Appeal from Iron Circuit Court. — Hon. Joseph J. Williams, Judge. (1) It was the duty of the county court to designate as the county depositary the hanking corporation or individual banker offering to pay to said county "the largest rate of interest per annum.”
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Appeal from Iron Circuit Court. — Hon. Joseph J. Williams, Judge. (1) It was the duty of the county court to designate as the county depositary the hanking corporation or individual banker offering to pay to said county "the largest rate of interest per annum.” Ever since 1889, when it was first made the duty of the county courts to let out the county funds, the law has ordered that they be let to the highest bidder, to the bidder offering the largest premium or "the largest rate of interest per annum.” Laws 1889, p. 81; R. S. 1889, secs. 3212 to 3222; Laws 1891, p. 103; Laws 1895, p. 126; R.…
1Opinion of the CourtGraves, J.
Whilst the pleadings in this case are lengthy, the facts thereof, and the issues therein can be stated in short form. Under the law, Revised Statutes 1899, section 6817, the county court of Iron county advertised for bids from such banks or bankers as might desire to become the county depositary. In response to such notice two banks of the county filed their bids. Each complied with the law in filing such bid. When the bids were opened it was found that the Bank of Ironton had offered to pay four and three-eighths per cent interest on the daily balance of county deposits, and the Iron County…
2Cases cited2 opinions
- Brown v. PattersonSupreme Court of Missouri · 1909
- State ex rel. Bank of Crane v. HawkinsMissouri Court of Appeals · 1908
3Cited by15 opinions
- State ex rel. Journal Printing Co. v. DreyerMissouri Court of Appeals · 1914
- State Ex Rel. Bair v. Producers Gravel Co.Supreme Court of Missouri · 1937
- Hurley v. Citizens' Nat. Bank of Sour LakeCourt of Appeals of Texas · 1921
- State Ex Rel. Dolman v. DickeySupreme Court of Missouri · 1920
- Bourland v. First National Bank Building Co.Supreme Court of Arkansas · 1922
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